Kocherlakota Dissents, Claims Title of Fed's Highest-Flying Dove

WASHINGTON—The sole dissenting vote recorded at the Federal Reserve policy meeting ending Wednesday came from Minneapolis Federal Reserve leader Narayana Kocherlakota, and that should surprise no one.

The policy maker offered his formal opposition because of the central bank's decision to end offering numbers-based guidance to govern the potential timing of increases in the Fed's short-term target rate. Mr. Kocherlakota fears it will...